AEROVIRONMENT, INC.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $377.3M | $40.9M | $73.3M | $132.9M | $77.2M | $148.7M | $255.1M | $172.7M |
| Accounts Receivable | $316.2M | $102.0M | $70.3M | $87.6M | $60.2M | $62.6M | $73.7M | $31.1M |
| Inventory | $312.9M | $144.1M | $150.2M | $138.8M | $90.6M | $71.6M | $45.5M | $54.1M |
| Total Current Assets | $1.89B | $606.5M | $515.6M | $477.0M | $368.9M | $401.6M | $503.9M | $469.6M |
| Property, Plant & Equipment | $166.7M | $50.7M | $46.6M | $39.8M | $62.3M | $58.9M | $21.7M | $16.9M |
| Goodwill | $2.49B | $256.8M | $275.7M | $180.8M | $334.3M | $314.2M | $6.3M | — |
| Intangible Assets (Excl. Goodwill) | $929.8M | $48.7M | $72.2M | $43.6M | $97.2M | $106.3M | $13.6M | $459.0K |
| Total Assets | $5.72B | $1.12B | $1.02B | $824.6M | $914.2M | $928.6M | $585.0M | $508.8M |
| Liabilities | ||||||||
| Accounts Payable | $160.5M | $72.5M | $48.3M | $31.4M | $19.2M | $24.8M | $19.9M | $16.0M |
| Total Current Liabilities | $439.2M | $172.2M | $144.9M | $121.3M | $101.4M | $96.2M | $67.0M | $44.9M |
| Long-Term Debt | $729.0M | $30.0M | $17.1M | $125.9M | $177.8M | $187.5M | — | — |
| Total Liabilities | $1.32B | $234.1M | $193.1M | $273.6M | $306.2M | $316.5M | $75.1M | $46.3M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $9.2M | $274.3M | $230.7M | $171.0M | $347.2M | $351.4M | $328.1M | $286.4M |
| Total Stockholders' Equity | $4.40B | $886.5M | $822.7M | $551.0M | $608.0M | $612.1M | $509.9M | $462.6M |
I think that, every time you see the word EBITDA, you should substitute the words 'bullshit earnings.'